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MN HF5083
Bill
Status
3/20/2024
Primary Sponsor
Alicia Kozlowski
Click for details
AI Summary
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Exempts materials, supplies, and equipment used in construction, reconstruction, upgrade, expansion, renovation, or remodeling of qualifying housing projects in St. Louis County from sales and use tax.
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Applies to apartment developments with at least 100 units, condominium developments with at least 60 units, or townhome developments with at least 40 units.
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Covers purchases made after June 30, 2024, and before July 1, 2026.
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Tax is collected at the standard rate and then refunded following the same process used for projects under Minnesota Statutes, section 297A.75, subdivision 1, clause (17).
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Appropriates necessary funds from the general fund to the commissioner of revenue to pay the refunds.
Legislative Description
St. Louis County; refundable sales and use tax exemption provided for construction materials used in housing development projects.
Last Action
Author added Skraba
4/24/2024